Successful Trader's Cheat Sheet
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A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future. Futures contracts are traded on an exchange for set values of currency and with set expiry dates. Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold at. Most speculators don't hold futures contracts until expiration, as that would require they deliver/settle the currency the contract represents. Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions.

Any forex transaction that settles for a date later than spot is considered a "forward." The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points." The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future.


Challenge: Banks, brokers and dealers in the forex markets allow a high amount of leverage, which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.
Thank you for taking a moment to visit PCE! Based in Houston and Los Angeles, Private Club Exotics™ focuses on providing the customer with a perfect and carefree automotive experience. We are an all-in-one brokerage firm, rental agency and transport company created for the modern client of today. Our trained personnel individually assist our clientele with the purchasing of new and used vehicles, short or long-term rentals and transport/delivery of vehicles desired.

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As soon as you get it, you’ll want to tear it open. Inside, you’ll find a flash drive with some confidential information we simply can’t release online. There’s an exclusive one-on-one interview with penny stock legend Tim Sykes… and some other surprises. And of course, it’s where you’ll find your Exotics Club Founder Membership Card, personally signed by me.
Well...I may be the only reviewer giving 5 stars to Rob Booker. I am a guy in my late 50's that started trading 12 years ago with no direction, a good chunk of capital and the dream of hitting it rich quick. To not bore you with my story here is the end of the chapter: I lost all of my trading account (close to six figures) in a year and a half of trading. I then stopped trading altogether until just 6 months ago. But this time I am older and wiser and made myself the promise to be patient and do it right. Easier said than done. But I have to say that I am consistently and profitably trading now thanks to Rob Booker. I didn't buy any "trade signals" (actually I don't think he sells any) but I listened to him and changed my mindset for trading. Not an easy task but I did it and thanks to him. Now, I would not recommend anyone to buy anybody's "signals" - learn who you are first and then follow a system, any system. The only enemy is yourself, not the market forces or bad "signal services". Cheers!

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A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future. Futures contracts are traded on an exchange for set values of currency and with set expiry dates. Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold at. Most speculators don't hold futures contracts until expiration, as that would require they deliver/settle the currency the contract represents. Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions.
Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. The Exotics Club provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.
Its such a shame to write a negative review as I actually think Rob is a nice guy... I like some of his non trading ideas a lot...eg Im now a lifetime subscriber to brain.fm thanks to one of his emails (which overall are great). Rob seems to be good at motivating people and in my opinion teaches correct mindset however his actual trades are terrible! I signed up for the booker report and without one word of a lie he had a 100% failure rate. Honestly ...every single trade went against him Whats really worrying is that he says things like 'Im buying Oil at $30 and Ill buy more at $25 and even more at $20 etc etc' because its a bargain...this is buy and hold investor thinking...not trading.

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With thrilling performance and exclusive access, Houston Motor Club places an array of high-performance and luxury vehicles at the beck and call of our members. With our vast selection of automobiles, members are afforded the luxury of choosing the right car for the right occasion or mood. Membership means driving the car you want, when you want, and where you want.
Yet curiously, Chapter 3 in Boris and Kathy's book Millionaire Traders (published in 2007) features an interview with none other than the same Mr Booker, the "100 pip trader" ("in less than 5 years, he's gone from being a $2,500 trader to a client of a major bank who trades a respectable size account" -- see p37). Assuming that B&K performed some background research before selecting their interviewees, then being the subject of such a book creates the impression that Rob has in fact made a 7 figure sum from trading. Hence I don't know what to make of it all.
All forex trades involve two currencies because you're betting on the value of a currency against another. Think of EUR/USD, the most-traded currency pair in the world. EUR, the first currency in the pair, is the base, and USD, the second, is the counter. When you see a price quoted on your platform, that price is how much one euro is worth in US dollars. You always see two prices because one is the buy price and one is the sell. The difference between the two is the spread. When you click buy or sell, you are buying or selling the first currency in the pair.

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In very basic terms, he teaches a simple strategy, and then coaches people to use it. His following is not massive - about 2,500 traders using it he says. At first I was very sceptical, because he seemed like an internet snakeoil salesman. But his honesty in being a sleezy internet salesman is refreshing. He will happily share how much money he makes from TFL (Trading For a Living) and how much from trading. He shares his losers as well.
In very basic terms, he teaches a simple strategy, and then coaches people to use it. His following is not massive - about 2,500 traders using it he says. At first I was very sceptical, because he seemed like an internet snakeoil salesman. But his honesty in being a sleezy internet salesman is refreshing. He will happily share how much money he makes from TFL (Trading For a Living) and how much from trading. He shares his losers as well.
Modeled after successful motor clubs in Europe and the coastal United States, Houston Motor Club is not a car rental company or a “one-day driving experience”. Rather, we are a private, members-only club that exists for the sole purpose of affording our members with exclusive access to the club’s fleet of vehicles. It is an experience like no other.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.
Apart from the podcasts, Rob has also brought on board a few writers who publish their supposed success stories. For example, I came across one post from a guy who claimed that he was ranking among the top 5 technical currency analysts yet he was not making profits during the early stages of his trading career. Then as time went by, he learned how to do it right. All of a sudden, this guy started making $1,000 a day by trading what he had learned.
When trading in the forex market, you're buying or selling the currency of a particular country, relative to another currency. But there's no physical exchange of money from one party to another. That's what happens at a foreign exchange kiosk—think of a tourist visiting Times Square in New York City from Japan. He may be converting his physical yen to actual U.S. dollar cash (and may be charged a commission fee to do so) so he can spend his money while he's traveling. But in the world of electronic markets, traders are usually taking a position in a specific currency, with the hope that there will be some upward movement and strength in the currency they're buying (or weakness if they're selling) so they can make a profit. 
Currency trading was very difficult for individual investors prior to the internet. Most currency traders were large multinational corporations, hedge funds or high-net-worth individuals because forex trading required a lot of capital. With help from the internet, a retail market aimed at individual traders has emerged, providing easy access to the foreign exchange markets, either through the banks themselves or brokers making a secondary market. Most online brokers or dealers offer very high leverage to individual traders who can control a large trade with a small account balance.
In the forex market currencies trade in lots, called micro, mini, and standard lots. A micro lot is 1000 worth of a given currency, a mini lot is 10,000, and a standard lot is 100,000. This is different than when you go to a bank and want $450 exchanged for your trip. When trading in the electronic forex market, trades take place in set blocks of currency, but you can trade as many blocks as you like. For example, you can trade seven micro lots (7,000) or three mini lots (30,000) or 75 standard lots (750,000), for example.
Modeled after successful motor clubs in Europe and the coastal United States, Houston Motor Club is not a car rental company or a “one-day driving experience”. Rather, we are a private, members-only club that exists for the sole purpose of affording our members with exclusive access to the club’s fleet of vehicles. It is an experience like no other.
What also is troublesome is the company (NOFT Traders) calls and wants to sell other products. Rob Booker is a marketing genius, like most traders in the limelight. I cant speak for his membership that he always pushes, but be careful of the indicators he pushes. He made it sound as if it was the greatest thing since sliced bread,. But I now know better about his word.
Thank you for taking a moment to visit PCE! Based in Houston and Los Angeles, Private Club Exotics™ focuses on providing the customer with a perfect and carefree automotive experience. We are an all-in-one brokerage firm, rental agency and transport company created for the modern client of today. Our trained personnel individually assist our clientele with the purchasing of new and used vehicles, short or long-term rentals and transport/delivery of vehicles desired.

rob booker forex pdf


A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future. Futures contracts are traded on an exchange for set values of currency and with set expiry dates. Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold at. Most speculators don't hold futures contracts until expiration, as that would require they deliver/settle the currency the contract represents. Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions.
Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. The Exotics Club provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.
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A single pound on Monday could get you 1.19 euros. On Tuesday, 1.20 euros. This tiny change may not seem like a big deal. But think of it on a bigger scale. A large international company may need to pay overseas employees. Imagine what that could do to the bottom line if, like in the example above, simply exchanging one currency for another costs you more depending on when you do it? These few pennies add up quickly. In both cases, you—as a traveler or a business owner—may want to hold your money until the forex exchange rate is more favorable.

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Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. The Exotics Club provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.

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The broker basically resets the positions and provides either a credit or debit for the interest rate differential between the two currencies in the pairs being held. The trade carries on and the trader doesn't need to deliver or settle the transaction. When the trade is closed the trader realizes their profit or loss based on their original transaction price and the price they closed the trade at. The rollover credits or debits could either add to this gain or detract from it.
Challenge: Banks, brokers and dealers in the forex markets allow a high amount of leverage, which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.
An investor can profit from the difference between two interest rates in two different economies by buying the currency with the higher interest rate and shorting the currency with the lower interest rate. Prior to the 2008 financial crisis, it was very common to short the Japanese yen (JPY) and buy British pounds (GBP) because the interest rate differential was very large. This strategy is sometimes referred to as a "carry trade."
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